Posted by admin | Posted in Real Estate | Posted on 09-02-2010
Who are some well known people who have became wealthy as real estate agents or real estate owners and how did they do it. Also does anyone know any good real estate books or videos that teach you what you need to know to become wealthy in real estate.
10 points if I find your answer the most helpful.
Buy low. Sell high.
to make moeny?
location, location, location
Agents handle one sale at a time. Brokers handle all the sales for all their agents at any time. You will make best $$$ as a broker.
Owners and investors make money on the value of the property, the rental income, equity growth and the tax benefits. Owners must have enough cash flow throughout the year to meet operations expenses and pay the mortgage.
As with selling, when you own a place and equity increases, you can leverage that equity to buy another place, and increase your rents. Eventually you have several properties all increasing in value at the same time.
Now, remember, the market forces and life events dictate whether you make money in the short term, or if you must pass along your property to your heirs in the hopes they can benefit.
I suggest you find a business class at night-school–much better than a book.